Search
Mixed-Use Building with Apartments
For Sale
$300,000

206 East Erie Street, Missouri Valley, IA 51555

Missouri Valley, IA

Property SizeContact for details
Days on Market17

Property Features for 206 East Erie Street

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active

Building Details

Year built 1904
Listing Agency: NextHome In The Bluffs
Listed By: The Cook Team · License #BA917097,PersonLicenseNumber
Added: Aug 13 Changed: Aug 28 Last Checked: Aug 29 at 2:06PM
MLS# 26-989

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 206 East Erie Street in downtown Missouri Valley, this mixed-use property combines commercial space with residential units in a two-level configuration. The main floor provides approximately 2,500 square feet of commercial frontage space, while the upper level contains four one-bedroom apartments. The building was constructed in 1904 and renovated in 2022.

Each apartment is leased and occupied and includes appliances, washers, and dryers. The residential units provide an established rental component, while the commercial area adds street-facing business space within the downtown setting. The property is offered for sale.

Key Highlights

  • Four remodeled one‑bedroom apartments on the upper level
  • Approximately 2,500 sq. ft. of commercial frontage space on the main level
  • All apartment units are leased and occupied

Property Analytics

Current Use

Mogart Fishing Company ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Electrical Service Grocery & Convenience Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

364
Businesses Nearby

Demographics for 51555, IA

5,099
Population
2,337
Households
2.2
Avg Household Size
45
Median Age
23%
College-Educated
94%
High-School Grad
146.1 sq mi
ZIP Area
35
Density / Sq Mi
$77,292
Median Household Income
$44,240
Median Earnings
$761
Median Rent
$180,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four renovated upstairs apartments accompany commercial frontage on the ground level.
Where is this mixed-use property located?
The property is located at 206 East Erie Street Missouri Valley, IA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four remodeled one‑bedroom apartments on the upper level; Approximately 2,500 sq. ft. of commercial frontage space on the main level; All apartment units are leased and occupied
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message